How to write share particulars in my case

[sheendirector]

Hi,

My company has two share classes. Class A has 1 share, each has a voting right, a dividend right; class B has 99 shares, each share has a dividend right only. Now I am doing 1:1000 share split to class A. I want aggregate rights of class A remain same. How do I write share particulars for new class A shares? Is below legally right?

Each share has a voting right, and 1/1000 dividend right.

 

[eteb3]

Each share has a voting right, and 1/1000 dividend right.

The A shareholder (assuming only one of them) how has 1000 votes.

Is that what you wanted?

Not sure why you need the 1:1000 bit. If you want A shares to get 1/1000 of the dividend B shares get, you would declare each share separately - I think; hopefully one of the accountants can comfirm.

 

[WaveJumper]

It might be wise to get proper legal advice on writing the shareholders agreement up before it comes back to bite you. Plenty of threads on here where this has gone horrible wrong a few years up the road.

 

[The Resolver]

I think there is some confusion here,. If you are only for now issuing 1 share in Class A then that share will receive all of whatever dividend is granted to Class A. Once you issue 999 more the holders of each receives a 1,000th share of whatever dividend is issued to Class A.